EUR/GBP Technical Analysis: 0.8530 is the level to beat for bears

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EUR/GBP daily

  • EUR/GBP is trading in a sideways trend below its main simple moving averages (SMAs).


EUR/GBP 4-hour chart

  • EUR/GBP is trading below its main SMAs suggesting bearish momentum in the medium-term.


EUR/GBP 30-minute chart

  • EUR/GBP is trading below its main SMAs suggesting a bearish momentum in the short-term.
  • The 0.8530 level is the level to beat for bears. A break below the support would open the doors to 0.8500 and 0.8440 support.
  • Resistance is at 0.8580 and 0.8600 level.

Additional key levels

 

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